Europe Automotive Transceivers Market Analysis, Share, Trend, Industry Report Forecast till 2028

The Europe automotive transceivers market is expected to grow from US$ 1,587.45 million in 2022 to US$ 2,283.04 million by 2028. It is estimated to grow at a CAGR of 6.2% from 2022 to 2028.

The growing regulatory support for zero-emission vehicles in different countries through subsidies and tax rebates encourages the manufacturing and adoption of electric vehicles. EV sales also grew strongly in Europe by 65% to reach 2.3 million units in 2021. Supportive government initiatives to strengthen EV charging infrastructure further propels EV sales. In May 2022, PMI Electro, an Electric bus maker, announced the plan to set up its largest commercial EV manufacturing plant, having an annual production capacity of 2,500 vehicles..

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Such huge growth of electric vehicles worldwide, there is an increasing demand for data exchange due to which there is a growing need to implement a range of automotive networks that efficiently send and receive large quantities of data through protocols such as CAN (Controller Area Network) and LIN (Local Interconnect Network) bus systems. Nowadays, electric cars are equipped with advanced features and transceivers for better communication and safety. Thus, such growing production and sales of electric vehicles are expected to hold potential demand for incorporating the Europe automotive transceivers market, which drives the Europe automotive transceivers market growth during the forecast timeframe.

MARKET INTRODUCTION

The Europe automotive transceivers market growth is attributed to increasing sales of vehicles, coupled with growing initiatives for incorporating ADAS and advanced communication electronics devices, such as transceivers. As per the data published by the International Organization of Motor Vehicle Manufacturers, the sale of new vehicles registered in Europe increased from 16.71 million units in 2020 to 16.87 million units in 2021, registering a growth rate of 1%, which is expected to grow in the coming years. As a result, the rising sale of vehicles is expected to grow rapidly, which is likely to boost the demand for Europe automotive transceivers market during the forecast period.

List of Companies Profiled in the Europe Automotive Transceivers Market Report are:

• Broadcom Inc
• Maxim Integrated Products Inc
• Microchip Technology Inc
• NXP Semiconductors NV
• Renesas Electronics Corp
• Robert Bosch
• STMicroelectronics NV
• Texas Instruments Inc
• Toshiba Corp

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Key Segmentation:

Europe Automotive Transceivers Market Segmentation

The Europe automotive transceivers market is segmented into protocol, application, vehicle type, and country.

Based on protocol, the Europe automotive transceivers market is segmented into CAN, LIN, FLEXRAY, and others. The CAN segment held the largest market share in 2022.

Based on application, the Europe automotive transceivers market is segmented into safety, body control module, chassis, powertrain, steering wheel, engine, and door/seat. The safety segment held the larger market share in 2022.

Based on vehicle type, the Europe automotive transceivers market is bifurcated into passenger vehicles, and commercial vehicles. The passenger vehicles segment held the larger market share in 2022.

Based on country, the Europe automotive transceivers market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Germany dominated the market share in 2022.

Table of Contents

1. Introduction
1.1 Business Market Insights Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Europe Automotive Transceivers Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Users
5. Europe Automotive Transceivers Market - Key Market Dynamics
5.1 Growth Drivers
5.1.1
5.1.2 Increasing demand for high-speed data transmission in automotive applications
5.1.3 Advancement in automotive technologies like ADAS and autonomous driving
5.1.4 Rising adoption of 5G and V2X communication technologies
5.1.5 Growing demand for connected cars and telematics systems
5.1.6 Increasing focus on safety and security features in vehicles
5.2 Market Opportunities
5.2.1
5.2.2 Increasing demand for high- More ...

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